Davis Says Britain Wants a No Change Brexit, Risking Tory Anger

The U.K. has revealed for the first time what kind of trade deal it wants businesses to have with the European Union after Brexit -- and in British eyes, nothing will change.

Brexit Secretary David Davis said Britain will stay close to the EU’s regulatory regime after it leaves the bloc and only wants “the freedom” to go its own way if it chooses in future. It’s quite possible that the U.K. will decide to replicate European regulations on financial services and other areas indefinitely, he suggested.